Contracts
Vermont's 'offer to purchase' becomes a binding contract only when:
AThe buyer signs it
BThe seller accepts without modification and communicates that acceptance to the buyer or buyer's agent✓ Correct
CThe earnest money clears the bank
DThe listing broker approves the offer
Explanation
A binding contract forms when the seller accepts the buyer's offer without modification and communicates that acceptance back to the buyer or buyer's agent. Any modification creates a counter-offer, not an acceptance.
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